This discussion on Q.3. The paid-up share capital and free reserves of Narmada Ltd. stood at rupees 100 lakh and rupees 20 lakh respectively. During the immediately preceding three years company had distributed dividends at the rate of 10%, 8%, and 12%. The company has incurred losses of rupees 2 lakh in the current financial year. Find out the maximum amount which can be distributed as dividends for the current financial year.? is done on EduRev Study Group by B Com Students. The Questions and Answers of Q.3. The paid-up share capital and free reserves of Narmada Ltd. stood at rupees 100 lakh and rupees 20 lakh respectively. During the immediately preceding three years company had distributed dividends at the rate of 10%, 8%, and 12%. The company has incurred losses of rupees 2 lakh in the current financial year. Find out the maximum amount which can be distributed as dividends for the current financial year.? are solved by group of students and teacher of B Com, which is also the largest student community of B Com. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for B Com on EduRev and even discuss your questions like Q.3. The paid-up share capital and free reserves of Narmada Ltd. stood at rupees 100 lakh and rupees 20 lakh respectively. During the immediately preceding three years company had distributed dividends at the rate of 10%, 8%, and 12%. The company has incurred losses of rupees 2 lakh in the current financial year. Find out the maximum amount which can be distributed as dividends for the current financial year.? over here on EduRev! Apart from being the largest B Com community, EduRev has the largest solved Question bank for B Com.